Property profile

13516 Telegraph Rd Whittier, CA 90605

FOR SALE
Investment properties
Property ID
US09-7726647
8,675 SF 0.45 ac lot Built 1960
Individually Owned 18-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional value-add investment opportunity presents a prime 8,675 square foot auto shop in Whittier, California. Situated on a 24,084 square foot lot, the property comprises two buildings with four auto bays and secure rear fencing. Currently boasting 80% occupancy with 14 tenants on month-to-month gross leases significantly below market rates, this presents substantial upside potential for increased rental income. All tenants have occupied the space for over 10 years, offering flexibility for an owner-user or investor. The property's location in the affluent Los Angeles Gateway City of Whittier, with a high daytime population and average household income exceeding $108,722 within three miles, ensures strong demand. The property is zoned C3 and was built in 1960. The asking price is $2,625,000, representing a pro-forma cap rate of 7.17% and a pro-forma NOI of $188,129. The property offers multiple points of ingress/egress on Telegraph Road and a rear driveway. Limited development sites in this mature trade area create high barriers to entry for future competition, making this a truly unique opportunity. Full occupancy is projected for September 1, 2024.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Construction WOOD
Total area 8,675 SF
Lot 0.45 ac (19,519 SF)
Zoning code LCM1*
APN 8029-002-037
UPID US09-7726647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Insurance Agency
  • Car Dealership
  • Car Dealership
  • Car Dealership
  • Car Dealership

Location

13516 Telegraph Rd Whittier, CA 90605
Whittier metro Census 504200 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2007
7 recorded transactions
2007
$112,000
2007
Price N/A
2007
Price N/A
2007
$1.1M
2007
Price N/A
2004
$703,000
2004
Price N/A

Zoning & alternative use

LCM1* · Whittier, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message